Recursion Data Cited in Commercial Mortgage Alert story on Rent Control

A recent story regarding rent control published in the Commercial Mortgage Alert “Regulatory Roundup” stated that “Rent Control is back in vogue with many state and city lawmakers, putting lenders and investors on high alert.” Using innovative journalistic techniques, the story went on to look at the impact on lending in the Minneapolis St. Paul MSA following a vote by the citizens of St. Paul in November 2021 that capped rent increases at 3% per year. Citing Recursion data, the story went on to state that lending in the MSA fell by 31% from the end of November 2021 through Q1 2022 from the prior year period in the Fannie Mae DUS program. This compares to a 9% drop in the US total.
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Recursion is proud to provide high-quality, timely information to both public and private sector decision-makers regarding these important policy issues.

The article can be found on the Commercial Mortgage Alert website (paywall).
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